New Delhi: India will now follow China at least when it comes to designing power projects in order to prevent cost escalation, minister of state for heavy industries & public enterprises Kanti Singh said at a seminar organized by Assocham on ‘Project Management in Power Sector’.
Singh expressed serious concern over sky rocketing escalation costs of power projects. She also announced that all power projects, which are to be designed during the 11th five-year plan, would be based on the Chinese models.
The Minister further said that it is becoming absolutely necessary as in the preceding plan period, the Power Ministry could not execute any power plant as scheduled and that is why the country faced a cost escalation to the extent of over 50%.
She also said that all the new plants must adopt technologies to improve gross efficiency from the present level of 36% to at least 38-40%. To achieve the objective we will go for new technologies and foreign firms tie-up, she added.
Key points made at the seminar:
1) New design would ensure timely implementation
2) It will reduce the supply demand gap
3) Need for investment on designing of each hydro project separately.
4) Uninterrupted power supply to each and every corner of country at an affordable cost by adopting new technologies and innovations to achieve the targets in a scheduled time-frame.
5) Government loosing Rs420 crore interest per year
6) Bhel asked to increase ancillary units in their factories
7) Super critical technology for setting up of higher capacity plants in the range of 660mw to 1000mw